Hurricane Ian losses could hit $74 billion – RMS

Hurricane Ian losses could hit $74 billion – RMS

Total private-market insured losses from Hurricane Ian could total between $53 billion and $74 billion, according to an estimate by risk modeling company RMS. The company also estimated that the National Flood Insurance Program could see an additional $10 billion in losses from storm surge and inland flooding caused by the storm.

Wind including covered leakage

Storm surge excluding NFIP

Inland flood excluding NFIP

Total

Best estimate

Private market insured loss

$46-$67 billion

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